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(SHALPAINTS) Shalim Paints complete technical analysis [charts+indicators] | Buy/Sell Shalim Paints | (SHALPAINTS) share price targets

Complete technical analysis of Shalim Paints (SHALPAINTS) by charts plus indicators, forecast predictions and share price targets for Shalim Paints (SHALPAINTS)

10 day averaged volume of Shalim Paints is 152307

Date Daily Closing Price Open High Low Volume
17 Fri May 2024 159.65 159.65 163.25 158.90 1.535 times
16 Thu May 2024 158.55 161.00 161.65 157.60 0.511 times
15 Wed May 2024 159.15 160.90 162.95 158.50 0.85 times
14 Tue May 2024 159.90 160.20 161.25 158.90 0.756 times
13 Mon May 2024 159.10 160.65 161.95 157.95 0.464 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 160.5, but if it comes above 160.5, then a intra day buy could be more profitable.
If you take a sell trade below 160.5, then use 160.5 as stoploss and 153.9 as target. However if you take a buy trade in stock , then use 160.5 as stoploss and 166.03 as target.

Share price targets for Shalim Paints (SHALPAINTS)

Target Type Value
Downside Target 150.70
Downside Target 157.60
Upside Target 162.15
Upside Target 174.95
Upside Target 177.00
Upside Target 178.45
Upside Target 183.00
Upside Target 199.80
Upside Target 210.15
Upside Target 224.15

Intraday share price targets for Shalim Paints (SHALPAINTS)

Target Type Value
Downside Intraday Target 157.08
Downside Intraday Target 154.52
Upside Intraday Target 162.73
Upside Intraday Target 165.82
Upside Intraday Target 160.17

Weekly technical analysis of Shalim Paints (SHALPAINTS)

Date Weekly Closing Price Open High Low Volume
17 Fri May 2024 159.65 160.65 163.25 157.60 0.7 times
10 Fri May 2024 159.85 172.20 175.65 158.00 0.983 times
03 Fri May 2024 173.30 169.35 177.00 169.35 0.756 times
26 Fri Apr 2024 168.55 173.20 178.45 167.10 1.262 times
19 Fri Apr 2024 172.10 168.45 174.95 162.15 0.947 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Shalim Paints (SHALPAINTS)

Date Monthly Closing Price Open High Low Volume
17 Fri May 2024 159.65 171.00 177.00 157.60 0.424 times
30 Tue Apr 2024 171.00 166.75 183.00 162.15 0.545 times
28 Thu Mar 2024 166.10 173.50 199.80 150.70 0.936 times
29 Thu Feb 2024 173.45 201.90 210.15 165.00 0.515 times

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Shalim Paints (SHALPAINTS)

Indicator Name Indicator Value Indicator Signal
ADX 17, 18, 2 Sell
MACD -7, -6Sell
Stochastics 8Sell
CCI -35Buy
RSI 43Sell
OBV 1422519Sell
VWAP 162Sell
ADL 0Sell
ROC -8Sell
Force Index 0Sell

Price action analysis of Shalim Paints ( (SHALPAINTS) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Shalim Paints ( (SHALPAINTS) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Shalim Paints ( (SHALPAINTS) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Shalim Paints ( (SHALPAINTS) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Shalim Paints stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Shalim Paints in short term and the sell signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Shalim Paints Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Shalim Paints in short term but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Shalim Paints is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 161.94 and Shalim Paints (SHALPAINTS) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Shalim Paints (SHALPAINTS) stock. Volume based technical analysis of Shalim Paints (SHALPAINTS) stock is negative.

Shalim Paints Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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